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5.2 Adjusting nominal values to real values

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  • Card 8 / 9:
    nominal value

    the economic statistic actually announced at that time, not adjusted for inflation; contrast with real value

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Practice FlashCards 4 Key Terms 2

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Source:  OpenStax, University of houston downtown: macroeconomics. OpenStax CNX. May 28, 2014 Download for free at http://legacy.cnx.org/content/col11653/1.3
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